Do you know where your money goes? You say, "house payments, car loan, utility bills,and food." But after that, things begin to get a bit fuzzy about where the rest of it goes. Right?

Credit Card Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Other Unsecured Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Number of Creditors	Select One 2 3 4+
Status of Bill Payments	Select One Up to Date About to Fall Behind 1 Month Behind 2 or More Months Behind
I want to	Select One Eliminate My Debt Consolidate My Debt Seek Advice
Own a Home?	Yes  No

After you have set your goals, as you did in lesson one, the next stop is to learn where your money is being spent before you can make a realistic financial plan. This might be a hard job for some people; others will find it to be very rewarding. No matter how you feel,it MUST be done before you can start to develop your own plan. This information is essential for high quality future financial decisions. Invest the time now for a better payoff later.

What Do You Owe ?

It is necessary to list all of your credit obligations before you can go on to analyze your total financial situation. Enclosed with this lesson is worksheet called "How Much Do You Owe?". By filling out this worksheet first, you will have a clear idea of all of your credit obligations--both loans and credit card use. After this has been completed, the next step is to analyze your cash flow.

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